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Letter to Editor , Accenture Sets Record Straight

By 250 News

Re:  Letter to the editor published in Opinion250 on Tuesday. May 13, 2008 titled “The Written Word” by Rafe Mair.

Accenture is seeking to correct the record regarding the comment pertaining to Accenture’s history and association with Enron. 

• Arthur Andersen and Accenture have been legally separate, distinct and independent since 1989, each with its own management, partners, employees, capital, premises, business, clients and market place images.

• For more than a decade before Accenture’s arbitration with Arthur Andersen (later known simply as “Andersen”) concluded successfully in August 2000, Accenture was independent of Andersen.  It was not a subsidiary or division of Andersen and was not “owned” by Andersen.

• In August 2000, an arbitrator’s decision in International Chamber of Commerce proceedings expressly recognized the legal separateness of Accenture from Arthur Andersen and AWSC.  The arbitrator agreed that Accenture was not a subsidiary or division of Andersen.  The arbitrator’s award terminated the member firm agreements between Accenture and AWSC and, indirectly, the Andersen firms.

• The arbitrator’s decision also required Accenture (then Andersen Consulting) to relinquish the Andersen name.  As a result, the company changed its name to Accenture on January 1, 2001.

The intent of this letter is to present the factual history of the company and avoid a future occurrence of misrepresentation.  Please feel free to contact me if you have any questions or require further information.

Thank you,

Charmaine D'Silva

Manager, Media & Analyst Relations

Accenture Canada

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Comments

Posted by: Old Hippy on May 14 2008 11:05 AM

Wow, nice handle. Manager, Media & Analyst Relations. Could that be better known as a spin doctor or the old phrase of "flack man"? Hey, I'm a semi retired part time domestic engineer with follicle regression. Ha, ha, my title is longer than yours. Keep up the good work. Us peasants have got to be put in line every once in awhile.

Posted by: lostfaith on May 14 2008 3:36 PM

Once looked like a rat, once smelled like a rat.......

Posted by: acrider54 on May 14 2008 4:44 PM

Still American owned and have huge accounts in overseas banks. Nothing that supports Canadians. They are another part of BCH privitization. Does anyone know that the people that come around in BCH vehicles and wear BCH clothes to read your meter are not BCH employees at all but Accenture employees? BCH says they can't use vehicles with their logo on them because no one will know who Accenture is. Weird huh?

Posted by: diplomat on May 14 2008 5:35 PM

Soon the meters will be the kind that can be read remotely and then no one will have to come around anymore!

Posted by: owl on May 15 2008 1:33 AM

I think Accenture outsources to India .... that is also where the metres will be read.

;-)

Posted by: Eagleone on May 15 2008 3:55 AM

I was under the understanding that Accenture was started by board members and managers at Arthur Anderson as a separate legal entity. Kind of like what Canfor did with its pulp trust. Is it any wonder when Arthur Anderson was involved in the kind of fraud that was going on with the likes of Enron (power),as well as the datacom industry.

The Enron model for rate manipulation is no different then the 'run of the river' model of BC Hydro IMO.

Posted by: Andyfreeze on May 16 2008 9:04 AM

hmmm...if the meter guy doesn't come around anymore,what will my dog eat?
Chasing the meterman is the only time he gets any exercise!